Digital dollar speeds cross-border payments
The New York Federal Reserve along with financial institutions including Citibank, HSBC, Wells Fargo and Mastercard ran a 12-week pilot ...
Tag: distributed ledger technology
Yellen to lay out broad principles for regulation of digital assets
Treasury Secretary Janet Yellen said a digital dollar would take years to develop if the U.S. decides to proceed with ...
State Street head of digital product development, innovation to speak at Bank Automation Summit
Nicole Olson, vice president of digital product development and innovation at State Street, will join a panel on “Leveraging Smart ...
HSBC, Wells Fargo use distributed ledger technology in FX payment trade
HSBC and Wells Fargo are performing Payment vs Payment (PvP) foreign exchange trade settlements using distributed ledger technology. The system ...
IBM and HSBC complete wholesale CBDC transactions on distributed ledger
The digital ledger technology hits keep coming this month as HSBC and IBM today announced they’ve successfully used distributed ledger ...
State Street, Vanguard pilot tests live trade on blockchain, smart contracts
State Street announced Monday it had completed a margin calculation process for a live trade of a 30-day foreign exchange ...
Some Credit Unions Turn to Blockchain to Improve Customer Experience
Eight large U.S. credit unions are testing a blockchain-based digital credential system in different pilots ranging from mobile banking to ...
Blockchain, Not APIs, Is Key to Faster Payments, Report Says
Most finance professionals are not using APIs to facilitate faster payments, according to a new report from TD Bank. Even ...
MUFG, Banco Bradesco to Use Blockchain for Cross-Border Payments
MUFG Bank and Banco Bradesco will use distributed ledger technology from Ripple, a San Francisco-based software vendor specializing in global real-time ...
Lessons from Distributed Ledger Technology and the Future of Banking
It’s no secret distributed ledger technologies (DLT) have been front-of-mind for financial institutions examining solutions to existing problems in institutional ...
